COMMITTEE AGENDA MEMORANDUM
Board Audit Committee
SUBJECT:
title
Discuss Independent Auditor Recommendations Regarding Hiring Practices Ad-hoc Desk Review. (Continued from February 19, 2020).
End
RECOMMENDATION:
Recommendation
Discuss Independent Auditor Recommendations Regarding Hiring Practices Ad-hoc Desk Review.
Body
SUMMARY:
On January 14, 2020, the full Board approved, as recommended by the Board Audit Committee, TAP International’s updated FY 2018-2019 to FY 2020-2021 Annual Audit Work Plan. As part of the FY 2020-2021 Ad-hoc Board Audits included in the FY 2018-2019 to FY 2020-2021 Annual Audit Work Plan, the Board Audit Committee also identified three desk reviews to be performed by TAP International including: key controls and financial management regarding the extension of grants; risk management review of Valley Water hiring practices; and review of the Board Agenda preparation process.
These desk reviews are not full and formal audits, and they are designed to quickly identify the need, or lack of need, for a formal audit. To the extent formal audits are recommended as a result of the desk reviews, approval will be sought from the full Board before their initiation.
On February 19, 2020, the BAC discussed the status of the Hiring Practices ad-hoc desk review. The Board’s Independent Auditor, TAP International, does not recommend a performance audit on hiring practices at this time. The Committee is to receive an update on the status of the desk reviews until the desk reviews are complete. The Committee is to discuss TAP International’s recommendations related to the risk management review of Valley Water hiring practices.
ATTACHMENTS:
None.
UNCLASSIFIED MANAGER:
Manager
Darin Taylor, 408-630-3068